DCSIMG

NAMA pursues four Limerick businessmen for €19.5m

The High Court was told gardai have not been able to locate John Shee (below)

The High Court was told gardai have not been able to locate John Shee (below)

JUDGMENT orders of up to €19.5m are being sought by a subsidiary of NAMA in the High Court against four Limerick businessmen over loans for a development site in Nenagh.

At the Commercial Court, a National Assets Management Agency company has secured judgment orders for some €19.5 million on consent against two businessmen over unpaid property loans - Mark Butler, residing at Dr Mannix Road, Salthill, Co Galway, and Edmund Jennings, Tulla, Co Clare.

The National Assets Loan Management (NAMA), represented by Mason Hayes & Curran solicitors, also wants judgment against five other businessmen in that case arising from its takeover of a loan facility from AIB for purposes including a site development at Drummin Village, Nenagh, Co Tipperary.

Those five are Michael Barker, North Circular Road, Limerick; Eugene McManemy, North Circular Road, Limerick; Joseph Delaney, Clarinbridge, Co Galway; Edward O’Toole, North Circular Road, Limerick, and John Kingston, Ennis Road, Co Limerick.

Mr Justice Peter Kelly returned the proceedings against those five to next month to allow them time to prepare legal documents.

The case was entered in December last, with affidavits served last month.

 

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